SBA Loans: How to Maximize Recovery by Liquidating Personal Property
Jimerson Firm
NOVEMBER 23, 2020
When a small business association (“SBA”) loan is converted to liquidation status, the lender must begin liquidating the collateral. The decision and justification for abandoning the collateral, including the basis for the Recoverable Value estimate, must be documented in the loan file. Liquidation Methods. 2d 1020 (Fla. 1st DCA 1981).
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